Chronic deficits and recapitalisations: The challenge of Richemont's 'Soft Luxury' division
Swiss leader Richemont, driven by the strength of its jewellery houses, is seeing the weaknesses of its fashion and accessories division intensify. Amid repeated capital injections and slowing growth, the group faces a structural profitability challenge. While the strength of Richemont's jewellery and watchmaking divisions is well-established,...
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